MIRA INFORM
REPORT
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Report Date : |
30.06.2011 |
IDENTIFICATION DETAILS
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Name : |
LEISURE HOLIDAYS PVT LTD |
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Registered Office : |
C/O Holiday Inn Resort Kandooma Maldives Kandooma Fushi, South Male
Atoll |
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Country : |
Maldives |
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Date of Incorporation : |
18.04.2005 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Hotel Management |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
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Status : |
Poor |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Maldives |
c1 |
c1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
REGISTERED NAME & COMPANY
SUMMARY
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Company Details |
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Organization Name |
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LEISURE HOLIDAYS PVT LTD |
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Address |
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c/o HOLIDAY INN RESORT KANDOOMA MALDIVES Kandooma Fushi, South Male
Atoll |
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Country |
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Maldives |
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Phone (S) |
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[+960]-6640511 |
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Facsimile |
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[+960]-6640513 |
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Primary Business Activity |
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Service |
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Key Industry |
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Hotel, Entertainment & Recreation |
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Key Facts |
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Registered Legal Address |
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c/o HOLIDAY INN RESORT KANDOOMA MALDIVES Kandooma Fushi, South Male
Atoll |
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License Number |
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C-0239/2005 |
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Legal Form |
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Private Limited |
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Operational Status of Business |
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It was NOT possible to confirm the operational status. |
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Date of Registration |
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18 Apr, 2005 |
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CREDIT RECOMENDATION
Current Credit Limit: No credit limit recommended.
DIRECTORS/MANAGEMENT
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COMPANY DIRECTORS |
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Not available - According to the corporate statutory laws for this
type of Legal Form - Category(Private Company with Limited Liability) in
Maldives, there is no public disclosure of Directors. |
NEGATIVE INFORMATION
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ADVERSE DATA MONITORING |
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SHARE & SHARE CAPITAL
INFORMATION
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SHAREHOLDERS |
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Not available - According to the corporate statutory laws for this type
of Legal Form - Category(Private Company with Limited Liability) in Maldives,
there is no public disclosure of Shareholders |
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PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Na
FINANCIAL INFORMATION
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CORE BUSINESS DESCRIPTION |
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Core Business |
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The primary business focus of LEISURE HOLIDAYS PVT LTD is: ·
Hotel management |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Operating
Status:
Investigation can not confirm operational status of Subject Business Entity.
Investigations confirm the legal registration of the LEISURE HOLIDAYS PVT LTD,
but as a result of not being able to identify:
- any operational offices
- any point of contact
- nor speak to any representative of the firm
it has not been possible to conduct the normal due diligence process and
assessment of credit worthiness.
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Report Details |
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SIC PRODUCT CLASSIFICATION & ACTIVITY |
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HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY |
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CORE BUSINESS DESCRIPTION |
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Core Business |
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The primary business focus of LEISURE HOLIDAYS PVT LTD is: · Hotel management |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.94 |
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UK Pound |
1 |
Rs.71.91 |
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Euro |
1 |
Rs.64.60 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.